Who are the players? (Applicant, Beneficiary, the 5 banks and others) And --what beneficiary must be aware of.
The complete scheme of a simple Letter of Credit (issuance, notification, amendment, documents examination, settlement, closing).
Get familiar with Letter of Credit Terms and conditions with a special care to payment methods.
Get familiar with the terms: confirmation, honor/negotiation,
According to beneficiary’s needs What is INCOTERMS 2010 and why mentioned under Letter of Credits and what beneficiary should be aware of.
An eye on the documents mentioned in the UCP 600 and ISBP 745 and accordingly, how documents should be prepared by the beneficiary rendering the presentation complying.
Technical advice and remedies to cases listed by BENEFICIARY such as, but not limited to: Shipment by Air and documents not presented
Multi-modal transport document v/s other transport document Parties are in different locations
Assignment of proceeds / transferable LC (a briefing)Commissions and charges incurred from the LC
Target
Human resources involved in guarantees and letters of credit, Financial head staffs ,Risk management people, LC trainees & Credit risk people in the banks and companies . Staff involved in the commercial departments of the companies.